Additional Diligence
Obtain and check at least three references of clients from the
turnkey operator. Check any real estate and contractor licenses for
current standing, bonding, insurance, any disciplinary actions, and
complaints. If not satisfactory, take a hike. Go see the property, if
possible!
Conclusion
Among other things, the author consults for prospective turnkey
purchasers. Some have already lost five, and sixfigure sums investing with dishonest and/or
incompetent turnkey operators. Please, please adopt Enhanced Diligence as presented here.
Investors are invited to hire the author to help them evaluate turnkey, syndication, jointventure,
and other investment opportunities.
Bruce Kellogg
has been a Realtor®
and investor for 36
years. He has
transacted about 800
properties in 12
California counties. These include 14
units, 5+ apartments, offices, mixeduse
buildings, land, lots, mobile homes, cabins,
and churches.
Mr. Kellogg is a contributor and copy editor
for two national real estate wealthbuilding
magazines: Realty411, and REI Wealth
Monthly.
He is available for listing, selling,
consulting, mentoring, and partnering.
Reach him at [email protected],
or (408) 4890131.
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